4//SEC Filing
TESSCO TECHNOLOGIES INC 4
Accession 0001179110-17-007144
CIK 0000927355operating
Filed
May 11, 8:00 PM ET
Accepted
May 12, 6:11 PM ET
Size
11.9 KB
Accession
0001179110-17-007144
Insider Transaction Report
Form 4
Robinson Elizabeth S.
Senior Vice President
Transactions
- Tax Payment
Common Stock
2017-05-10−194→ 5,493 total - Award
Employee Stock Option
2017-05-10+30,000→ 30,000 totalExercise: $14.75Exp: 2023-05-10→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2017-05-10+482→ 5,687 total - Exercise/Conversion
Performance Share Unit
2017-05-10−482→ 0 total→ Common Stock (482 underlying)
Footnotes (6)
- [F1]A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in May 2013 resulted in the earning, with respect to the fiscal year ended March 2014 and based on the extent to which certain performance criteria were satisfied during fiscal year 2014, of the right to receive 1,928 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2014, 2015, 2016 and 2017, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued.
- [F2]1 for 1.
- [F3]In respect of the PSUs granted in May 2013 with respect to fiscal year 2014, on May 8, 2014, the reporting person earned the right to receive 1,928 shares of Common Stock. The reporting person was associated with the Issuer on May 8, 2014, resulting in the vesting and issuance of 482 of the 1,928 shares of Common Stock so earned. On May 11, 2015, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 482 shares of Common Stock so earned. On May 11, 2016, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 482 shares of Common Stock so earned. On May 10, 2017, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of the remaining 482 shares of Common Stock so earned.
- [F4]All shares are owned directly, except for 2,104 shares which are owned indirectly, through 401(k) plan.
- [F5]The options will vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.
- [F6]$14.75 closing market price on May 10, 2017.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000927355
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 6:11 PM ET
- Size
- 11.9 KB